Firefly Neuroscience Inc (NASDAQ: AIFF)’s stock price has gone decline by -10.17 in comparison to its previous close of 2.36, however, the company has experienced a -17.19% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-12-31 that TORONTO, Dec. 31, 2024 (GLOBE NEWSWIRE) — Firefly Neuroscience, Inc. (“Firefly,” “we,” or the “Company”) (NASDAQ: AIFF), an Artificial Intelligence (“AI”) company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders, today announced the closing of up to $12.4 million consisting of $2.4 million up front in the form of senior secured convertible notes at $3.00 per share, subject to adjustment, and an equity line of credit (the “ELOC”) for up to $10 million. The proceeds from these financings will be used for growth, commercialization of its FDA-510(k) cleared Brain Network Analytics (BNA™) technology, and general working capital purposes.
Is It Worth Investing in Firefly Neuroscience Inc (NASDAQ: AIFF) Right Now?
Moreover, the 36-month beta value for AIFF is 3.05. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AIFF is 3.76M and currently, short sellers hold a 5.97% of that float. On January 10, 2025, AIFF’s average trading volume was 216.63K shares.
AIFF’s Market Performance
AIFF stock saw a decrease of -17.19% in the past week, with a monthly decline of -31.39% and a quarterly a decrease of -35.02%. The volatility ratio for the week is 10.66%, and the volatility levels for the last 30 days are 10.94% for Firefly Neuroscience Inc (AIFF). The simple moving average for the last 20 days is -19.25% for AIFF’s stock, with a simple moving average of -59.57% for the last 200 days.
AIFF Trading at -27.74% from the 50-Day Moving Average
After a stumble in the market that brought AIFF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.67% of loss for the given period.
Volatility was left at 10.94%, however, over the last 30 days, the volatility rate increased by 10.66%, as shares sank -27.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.61% lower at present.
During the last 5 trading sessions, AIFF fell by -16.80%, which changed the moving average for the period of 200-days by -77.95% in comparison to the 20-day moving average, which settled at $2.63. In addition, Firefly Neuroscience Inc saw -20.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AIFF
Equity return is now at value -66.59, with -24.58 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To wrap up, the performance of Firefly Neuroscience Inc (AIFF) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
